American Assets Trust (NYSE:AAT) Price Target Raised to $28.00

American Assets Trust (NYSE:AAT) had its target price upped by stock analysts at Mizuho from $26.00 to $28.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock.

Separately, Morgan Stanley lifted their target price on American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th.

American Assets Trust Price Performance

Shares of NYSE:AAT opened at $28.00 on Tuesday. American Assets Trust has a 12 month low of $20.03 and a 12 month high of $29.15. The firm has a market capitalization of $1.71 billion, a P/E ratio of 30.77 and a beta of 1.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. The company’s fifty day moving average price is $27.50 and its 200 day moving average price is $25.40.

Insider Buying and Selling

In other American Assets Trust news, COO Adam Wyll sold 30,238 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $28.22, for a total transaction of $853,316.36. Following the completion of the sale, the chief operating officer now directly owns 45,595 shares of the company’s stock, valued at approximately $1,286,690.90. This trade represents a 39.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 37.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Assets Trust

Large investors have recently modified their holdings of the stock. Tidal Investments LLC grew its position in American Assets Trust by 4.3% in the 3rd quarter. Tidal Investments LLC now owns 32,393 shares of the real estate investment trust’s stock valued at $866,000 after buying an additional 1,341 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Assets Trust by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,267,222 shares of the real estate investment trust’s stock valued at $33,866,000 after acquiring an additional 15,491 shares in the last quarter. Vestcor Inc acquired a new position in shares of American Assets Trust during the third quarter worth about $103,000. Barclays PLC raised its holdings in American Assets Trust by 110.5% during the third quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust’s stock worth $2,946,000 after purchasing an additional 57,850 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in American Assets Trust by 142.8% in the third quarter. Jane Street Group LLC now owns 90,078 shares of the real estate investment trust’s stock valued at $2,407,000 after purchasing an additional 52,977 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

About American Assets Trust

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.